Tanzanian High Commissioner Hosts ACCI Deputy President to Advance Tanzania–Nigeria Trade and Investment Cooperation.

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On 2 June 2026, The Tanzania High Commissioner to Nigeria H. E. Selestine Gervas Kakele welcomed Prof. Adesoji Adesugba, the Deputy President of the Abuja Chamber of Commerce and Industry (ACCI) at Tanzania House Abuja. During the Meeting H.E Kakele and Prof Adesugba focused on exploring opportunities to further strengthen the existing bilateral relations between Tanzania and Nigeria, particularly in the areas of trade, investment, commerce, and private sector collaboration. With the upcoming ACCI trade mission to Tanzania in August 2026, discussions highlighted the importance of fostering business-to-business engagements, and creating new avenues for mutual growth and prosperity between the two countries Private Sectors.
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Tanzania Continues to Claim Top position as One of The Best Investment Destination.

 


The Tanzania Investment Centre (TIC) records show that Tanzania has garnered a whopping $1.2 billion in FDI in the first quarter of 2023. It further shows increased investment by 52.4% from January to March of 2023 compared to the same period in 2022, owing to an improvement in the economic climate and as a result of current mega-infrastructure projects undertaken by the Government. The investment is directed at 93 projects that is expected to create no less than16,400 jobs.

The strong success is credited to the Government's continued efforts to create a favorable business climate and Tanzania's return to international arbitration as a result of modifications to the Tanzania Arbitration Act (R.E. 2020).

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